February Deficit Rises As Goods Deficit Hits New Monthly Record
We are heading for a trillion-dollar deficit this year in manufactured goods unless some serious import substitution takes place.
We are heading for a trillion-dollar deficit this year in manufactured goods unless some serious import substitution takes place.
China’s duty-free import scheme may look like a desperation move, but it will facilitate massive purchasing and inventory build-out for China semiconductor companies looking to ramp up fast.
Suez Canal blockage another blow to Asia-centric supply chains.
By Jeff Ferry, CPA Research Director For decades, economists have taught David Ricardo’s Law of Comparative Advantage as if it is an absolute law. But